Overview
Raised: $115,130
Total Commitments ($USD)
Platform
SMBX
Start Date
05/25/2021
Close Date
07/28/2021
Min. Goal
$25,000
Max. Goal
$250,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,827
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Popoca, a Salvadoran restaurant in Oakland, CA, is raising funds on SMBX. The restaurant brings the traditional cooking and recipes of El Salvador with its progressive food like pupusas and tamales. The food is made using fresh and high-quality ingredients and cooked over a wood fire. Anthony Salguero founded Popoca in January 2020. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $250,000, and the funds will be used towards a hearth for wood-fire cooking, hoods, molino, kitchen equipment, furniture, and lighting fixtures. Popoca will offer an upscale dining experience with an option for guests to choose between a tasting menu and a family-style meal.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$154,017 |
$0 |
|
COGS |
$42,941 |
$0 |
|
Tax |
$5,104 |
$0 |
| ||
| ||
|
Net Income |
$5,610 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,098 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$11,900 |
$0 |
|
Short-Term Debt |
$30,432 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$30,432 |
$0 |
Financials as of: 05/25/2021
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